Headlands Technologies LLC Sells 6,982 Shares of TTM Technologies, Inc. $TTMI

Headlands Technologies LLC lowered its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 47.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,715 shares of the technology company’s stock after selling 6,982 shares during the quarter. Headlands Technologies LLC’s holdings in TTM Technologies were worth $1,443,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TTMI. Harbor Investment Advisory LLC purchased a new stake in TTM Technologies in the 2nd quarter worth $29,000. Kestra Advisory Services LLC acquired a new stake in TTM Technologies in the fourth quarter worth about $30,000. Truvestments Capital LLC purchased a new position in TTM Technologies during the 4th quarter worth approximately $30,000. GoalVest Advisory LLC lifted its stake in shares of TTM Technologies by 456.7% in the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Finally, Parallel Advisors LLC increased its holdings in TTM Technologies by 36.2% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after acquiring an additional 87 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $118.92 on Tuesday. TTM Technologies, Inc. has a 12 month low of $42.69 and a 12 month high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. The stock’s 50 day moving average price is $140.48 and its 200 day moving average price is $137.03. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 53.57 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $962.04 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. Equities research analysts anticipate that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of recent analyst reports. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of TTM Technologies in a research report on Tuesday, August 18th. Truist Financial boosted their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Stifel Nicolaus increased their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $214.25.

Insiders Place Their Bets

In other news, SVP Dale Martin Knecht sold 26,198 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the sale, the senior vice president owned 40,138 shares in the company, valued at approximately $5,699,596. This represents a 39.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edwin Roks purchased 10,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the transaction, the chief executive officer owned 64,814 shares of the company’s stock, valued at $7,244,260.78. The trade was a 18.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 108,241 shares of company stock worth $20,911,975 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.